Matador Resources Company (NYSE:MTDR) Q2 2019 Earnings Conference Call - Final Transcript

Aug 01, 2019 • 10:00 am ET


Matador Resources Company (NYSE:MTDR) Q2 2019 Earnings Conference Call - Final Transcript


Loading Event

Loading Transcript


Good morning, ladies and gentlemen. Welcome to the Second Quarter 2019 Matador Resources Company Earnings Conference Call.

My name is Cherie, and I'll be serving as your operator for today. At this time, all participants are in a listen-only mode. We will facilitate a question-and-answer session at the end of the company's remarks. As a reminder, this conference is being recorded for replay purposes, and the replay will be available on the company's website through August 31st, 2019, as discussed in the company's earnings press release issued yesterday.

I would now like to turn the call over to Mr. Mac Schmitz, Capital Markets Coordinator for Matador. Mr. Schmitz, you may proceed.

Mac Schmitz

Thank you, Cherie. Good morning, everyone, and thank you for joining us for Matador's second quarter 2019 earnings conference call.

Some of the presenters today will reference certain non-GAAP financial measures regularly used by Matador Resources in measuring the company's financial performance. Reconciliations of such non-GAAP financial measures with comparable financial measures calculated in accordance with GAAP are contained at the end of the company's earnings press release. As a reminder, certain statements included in this morning's presentation may be forward-looking and reflect the company's current expectations or forecasts of future events based on the information that is now available. Actual results and future events could differ materially from those anticipated in such statements. Additional information concerning factors that could cause actual results to differ materially is contained in the company's earnings release and its most recent quarterly report on Form 10-Q.

Finally, in addition to our earnings press release, I would like to remind everyone on the call that you can find a short slide presentation summarizing the highlights of our second quarter 2019 earnings release on our website on the Events and Presentations page under the Investor Relations tab.

I would now like to turn the call over to Mr. Joe Foran, our Chairman and CEO. Joe?

Joseph Wm. Foran

Thank you, Mac, and good morning to everyone on the line, and thank you for participating in today's call. We appreciate your time and interest in Matador very much, and feel this has been a very strong quarter for us and so we appreciate your attention.

I'd also like to introduce the Executive Committee who are the ones, with the staff, who are really responsible for these exceptional results. They are Matt Hairford, President; David Lancaster, Executive Vice President and Chief Financial Officer; Craig Adams, EVP and Chief Operating Officer, Land, Legal and Administration; Billy Goodwin, EVP and Chief Operating Officer, Drilling, Completions and Production; Van Singleton, EVP of Land; Brad Robinson, EVP of Reservoir Engineering and Chief Technology Officer; Gregg Krug, EVP of Marketing and Midstream Strategy.

As outlined in our earnings release issued yesterday, we are very pleased with the execution and operating performance during the first half of 2019. We had many financial and operational challenges, and the staff really rose to the occasion, and I wish to personally acknowledge the entire Matador staff for all their hard